Coffee prices in Vietnam today, September 14, 2023: Domestic prices increased sharply

Published Sep 14, 2023

Tridge summary

On September 14, coffee prices fluctuated in opposite directions on the London and New York exchanges. Robusta prices on the London exchange increased sharply, while Arabica prices on the New York exchange decreased slightly. This was influenced by factors such as US inflation and the value of the Real currency. In the domestic market, coffee prices in Vietnam increased significantly compared to the previous day, reaching a threshold of 65,600 - 66,500 VND/kg.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee prices today September 14 in the world Around the world, the London and New York exchanges on September 14 fluctuated in opposite directions. In particular, the price of Robusta on the London exchange for delivery in November 2023 increased sharply by 49 USD, to 2,479 USD/ton. And the January 2024 delivery term on this floor increased to 26 USD, at 2,362 USD/ton. On the New York floor, the price of Arabica delivered in December 2023 decreased by 0.05 cents; down to 151.95 cents/lb. And the March 2024 delivery term went sideways; at 153.15 cents/lb. The world market had mixed increases and decreases as it increased sharply on the London exchange but decreased slightly on the New York exchange. Recently, the US announced the consumer price index (CPI) for August 2023. The US Department of Labor said that the core CPI was adjusted up 0.6% in August and was 3.7% higher than a year ago. Consumers in this country are facing rising energy prices and many other products. Energy ...

Source: Agriculture